After the Sun Pump meme coin ecosystem on Tron unveiled its meme coins like Tron Bull (TRBull) and Sundog (SUNDOG), Tron (TRX) saw fast rises in August. This increased network activity, and shortly, the coin was registering two-digit gains. Justin Sun, the creator of Tron Network, won his legal battle against the SEC, which further inspired investor confidence. With almost two months gone, though, the impact is declining, and TRX is showing bearish pressure. But is a $0.09 price reduction definite? 

Tron (TRX) Faces Bearish Pressure 

Trading at $0.15, an over 1% increase in the past 24 hours, Tron (TRX) faces bearish pressure, and its price has slipped between key moving averages. The 50-day simple moving average (SMA) is under attack from the bears; should it be broken, TRX can suffer even more, falling to the $0.15 level or less. TRX has been moving sideways between $0.15 and $0.17 since August 26, trying to pick up momentum. Key resistance zones now range from $0.13, $0.14, and $0.15; support zones run from $0.10, $0.09, and $0.08. Should bears break through the $0.15 support level, TRX will certainly fall to the $0.09 support zone. Looking at the reason behind Tron’s surge, we can easily see why it can dip to $0.09. The launch of the Sun Pump meme coin ecosystem drove Tron's spike, leading to a notable increase in on-chain activity. Transaction volumes between $100 and $10,000 surged above $100 million, with a 124% rise in network transactions.  Demand for TRX tokens grew as a result, driving its price as people hurried to get in on it. However, it is well known that meme coins depend on hype and speculation. So, as the excitement surrounding the Sun Pump ecosystem has begun to cool down, many of its meme tokens have plummeted.  For example, Sundog (SUNDOG), the largest token, dropped nearly 30% within a week.Although it has recovered significantly, it still has an 11% loss.  Similar drops have been noticed in other meme coins like Muncat (MUNCAT) and Vikita (VIKITA), with Muncat falling by 62% in the past week. Tron Bull Coin (TBULL) and Tron Bear (TBear) showed resilience, but the overall ecosystem remains under bearish control.  Despite the heavy bearish sentiment, some on-chain metrics are bullish. Most importantly, the long/short ratio for TRX currently stands at 1.02, signaling that traders hold a bullish sentiment. Additionally, open interest has risen by 4.2%, indicating renewed interest from traders. Generally, the Tron (TRX) price is at the mercy of the meme coin surge. If the hypes go down, TRX's price might go down with them. Given the present bearish pressure, TRX is likely to recline to $0.09. 

Rexas Finance (RXS) Presale Surpasses $4M

Meanwhile, a new entrant, Rexas Finance (RXS), has been posting steady gains as the price of its token appreciates quickly. The presale started in September 2024, and in less than two months, it has almost sold out its token, selling over 4 million already.  The presale has generated a lot of excitement, with everyone trying to get a piece of the cake. Currently, in stage 4, it is selling for $0.06, and the next stage will sell at $0.07. With the token starting at $0.03, it has increased by 100% in less than two months.  The trillion-dollar market Rexas Finance has brought to their doorstep has grabbed investors' attention the most. Leveraging the Real World Assets (RWAs) sector, which is worth over $400 trillion, Rexas Finance uses blockchain technology to tokenize these assets, which have long been seen as luxury investments because of the high entry barrier.  With tokenization, Rexas Finance ensures inclusivity by allowing people to own fractions of assets like real estate, arts, and collectibles. 

Rexas Finance tokenomics also facilitates its quick ascent in the crypto realm. With a total supply of one billion RXS, there’s the needed scarcity to drive demand.  Further strengthening its offering is its wealth of tools meant to simplify and facilitate tokenization. These tools include the Rexas Token Builder for simple token creation, the Rexas Launchpad to help crypto startups manage fundraising efforts, and Rexas Gen AI for automatically generating NFTs. Rexas Finance is now listed on CoinMarketCap, which will serve as a launchpad for potential investors to project it to. Its current giveaway worth $1,000,000 gives out $50,000 worth of RXS tokens to 20 random participants, increasing the buzz around the presale. RXS will launch at $0.20, and that’s expected to be just the beginning of this promising crypto, as analysts believe it will take off, posting multiple gains post-launch. 

Conclusion

Tron (TRX) has had a good run following the launch of the Sun Pump meme coin ecosystem. However, with the hype dying down, its price is deflating. Investors looking for substantial long-term gains can be key to the opportunity Rexas Finance (RXS) presents. 

Since its presale launch in September, RXS has turned investors' thousands into millions, and once it launches, it’s expected to keep up the momentum, generating massive gains for investors. 

About Rexas Finance :-

Website: https://rexas.com